Korea's 50 and over are biggest investors in Crypto!

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The average invested in crypto-currencies in Korea hovered around $5000 USD. The "Kimchee Premium" and the overall curiosity in the crypto space surprisingly was in the over 50 age bracket.

A survey of 800 adults by Bithumb, a local crypto currency exchange, showed that 34.8% of the respondents said they had invested in crypto-currencies.

By age, the average investor in their 50s was 9.33 million won. Followed by the 30's bracket at 64.4 million won, then the 40's group at 54.1 million won, and coming in last the the 20s bracket at 20.7 million won.

The main motivation for crypto investments were 'curiosity' (40.3%) and 'interest in recent issues' (40.3%.),

The most important factor when choosing an exchange was 'system security' (33.1%) and 'system stability' (25.9%) Factor but not big ones were 'speed of deposit and withdrawal' (10.1%), 'exchange size' (8.3%) and 'whether they want to invest in crypto-currencies' (7.9%).

The most important factor when choosing an exchange was 'system security' (33.1%) and 'system stability' (25.9%)

Investors used Bithumb (53.6%), Upbit (27.0%), Coinone (8.3%) and Kovert (6.5%). 93.0% of respondents said that they knew about BITHUMB in the index survey. CoinOne was at 64.5%, Coinb 51.0%, and Upbit was at 43.9%.

Internet search (52.9%) was the main route for investors to obtain investment information. Not as many investors received information from professional communities (38.1%), virtual currency exchanges (32.7%) or online portal cafes (29.9%).

The most reliable information path for investors were professional communities (46.4%), search engines (46.0%), online portal cafes (31.7%), and crypto-currency exchanges (31.3%) and all were evaluated as relatively reliable information channels.